Genesis Matrix Trading | Page 935 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Additional Indicators for the Genesis Matrix Trading System 683 replies

Genesis Matrix Trading indicator 20 replies

Is there an EA about Genesis Matrix Trading? 2 replies

Genesis Matrix Journal 5 replies

Genesis Matrix Trading for Jforex 13 replies

Attachments: Genesis Matrix Trading
Exit Attachments

Genesis Matrix Trading

  • #18,681
  • Oct 17, 2013 1:58pm Oct 17, 2013 1:58pm
http://www.thestar.com/business/2013..._currency.html

“Erode is the right word. It’s not something that will happen overnight. But they’ll (foreign governments) be less willing to keep their reserves in U.S. dollars if they’re constantly under threat of the U.S. defaulting on its debt,” said Doug Porter, chief economist at BMO Capital Markets.
  • #18,682
  • Oct 17, 2013 6:56pm Oct 17, 2013 6:56pm
Quoting RainyDay1
{quote} Thanks RJ. It was MF's tinkering (which I'm grateful for), haha
Glad it's all sorted! I knew it wasn't coming from the Arrow or the ASCTrend because I couldn't see that Alert in those indicators code. The only Indi I saw that wording of an alert was in the GenesisArrowMatrix as created by Cody_R.

Glad it's all fixed now though
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,683
  • Oct 17, 2013 6:57pm Oct 17, 2013 6:57pm
Quoting Martyfish
{quote} I put alert code in those files, and have probably sent RD a copy. RD, email me a copy of your files and I will remove the alerts I tinker a bit
Hmm...I'm sure there's a sheep picture close at hand about that!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,684
  • Oct 18, 2013 12:30am Oct 18, 2013 12:30am
Quoting realjumper
{quote} Hmm...I'm sure there's a sheep picture close at hand about that!!
Now why doesn't that surprise me
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,685
  • Oct 18, 2013 1:31am Oct 18, 2013 1:31am
I receive PM's on a daily basis, mostly from people who wish to join our thread. I reply to those people that I will put their names on a list, and when we are able, we will work through the list and accept those who we feel deserve it. It's my decision, it's a team decision.

Other PM's I get are from people who can't post to the thread so they think they can ask me their questions directly . It's very rare that I will even respond to those PM's because and help I can offer is reserved for thread, where we can discuss these issues.

I have had a couple over the past few weeks from members who are having trouble being consistent in their trading, and I have told them that as good as our system is, it is not a magic bullet to richness! As with any system, there is a degree of discretion required....call it experience of gut feeling or whatever. It's not something that can be built into a system, unfortunately. It's taken me a long time to find consistency, and as you will have seen, I am not immune from making losing trades, or entering stupid trades!! Such is life.

Now.....the point of all this yappin is the question. Before I ask the question, when you reply, if you reply (and I hope you all will), please just answer with a 'Yes' or 'No'.......I don't want any other details. Thanks.

Here's the question: In your trading time zone, if the target amount of pips was set at +10 per day, could you do it?

There is no bonus for more than +10 pips/day.......if you get +10 in the first 5 minutes, then you are dismissed and you can go home (lol)...but you have the whole session (of your normal trading hours) to make your +10 pips. When you have your +10, you're done for the day and you can go home!!

So: In your trading time zone, if the target amount of pips was set at +10 per day, could you do it? Yes or No.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,686
  • Oct 18, 2013 1:36am Oct 18, 2013 1:36am
Quoting realjumper
I receive PM's on a daily basis, mostly from people who wish to join our thread. I reply to those people that I will put their names on a list, and when we are able, we will work through the list and accept those who we feel deserve it. It's my decision, it's a team decision. .
I can't seem to edit my previous post for some reason, but there is a typo there.

The post says: I receive PM's on a daily basis, mostly from people who wish to join our thread. I reply to those people that I will put their names on a list, and when we are able, we will work through the list and accept those who we feel deserve it. It's my decision, it's a team decision

That should read: It's NOT my decision
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,687
  • Oct 18, 2013 1:55am Oct 18, 2013 1:55am
Quoting realjumper
Now.....the point of all this yappin is the question. Before I ask the question, when you reply, if you reply (and I hope you all will), please just answer with a 'Yes' or 'No'.......I don't want any other details. Thanks. Here's the question: In your trading time zone, if the target amount of pips was set at +10 per day, could you do it? There is no bonus for more than +10 pips/day.......if you get +10 in the first 5 minutes, then you are dismissed and you can go home (lol)...but you have the whole session (of your normal trading hours) to make...
Could I do it? Yes
Would I do it? No
Enter Signature
  • #18,688
  • Oct 18, 2013 2:02am Oct 18, 2013 2:02am
Yes
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,689
  • Oct 18, 2013 2:04am Oct 18, 2013 2:04am
Quoting realjumper
. When you have your +10, you're done for the day and you can go home!! So: In your trading time zone, if the target amount of pips was set at +10 per day, could you do it? Yes or No.
My short answer is YES, 10+ pips a day with the system is absolutely possible.

Here is example from me. I took EJ long trade this morning. I know there were few reasons not to take it (before Frankie, just below BRN, etc), but the system gave good signal and I had as RJ said "gut feeling or whatever". Now I could take 20 pips and close the trade with daily target achieved. Instead I moved SL@BE and now it can do whatever it wants.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym5.png Size: 28 KB
  • #18,690
  • Oct 18, 2013 2:10am Oct 18, 2013 2:10am
Quoting Cold_W
{quote} My short answer is YES, 10+ pips a day with the system is absolutely possible. Here is example from me. I took EJ long trade this morning. I know there were few reasons not to take it (before Frankie, just below BRN, etc), but the system gave good signal and I had as RJ said "gut feeling or whatever". Now I could take 20 pips and close the trade with daily target achieved. Instead I moved SL@BE and now it can do whatever it wants. {image}
Nice one CW,

I took it to

and GU
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,691
  • Oct 18, 2013 2:14am Oct 18, 2013 2:14am
Quoting Martyfish
{quote} Nice one CW, I took it to and GU
I agree....good trade...well spotted. I got a similar one on GJ.

Keep the answers coming please....I'm keeping a list just to see if any members are getting left behind here, and if they are, what we can do to help. I really would like us all to be 'up to speed' before we open the books for new members
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,692
  • Oct 18, 2013 2:14am Oct 18, 2013 2:14am
Quoting realjumper
I receive PM's on a daily basis, mostly from people who wish to join our thread. I reply to those people that I will put their names on a list, and when we are able, we will work through the list and accept those who we feel deserve it. It's my decision, it's a team decision. Other PM's I get are from people who can't post to the thread so they think they can ask me their questions directly . It's very rare that I will even respond to those PM's because and help I can offer is reserved for thread, where we can discuss these issues. I have...
YES

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,693
  • Oct 18, 2013 2:14am Oct 18, 2013 2:14am
YES...
There`s no life before COFFEE!
  • #18,694
  • Oct 18, 2013 2:20am Oct 18, 2013 2:20am
Quoting Martyfish
{quote} Nice one CW, I took it to and GU
Thank you, Marty.
In trades like this when do you move trade to BE?
  • #18,695
  • Oct 18, 2013 2:33am Oct 18, 2013 2:33am
Quoting Cold_W
{quote} Thank you, Marty. In trades like this when do you move trade to BE?
I dont have a set rule on moving stops, as it depends on PA.

Not much help, but I rely more on my instinct than set rules to manage my trades.

Like EJ this morning, a break of R1 followed by long wicks, like the 7:30 M15 candle, tells me the move may not hold, so as I only have 10 pips -ish to play with I closed. Particularly on a pre-London open trade, more likely to close early. Nothing like banking profits early in the day.

Just like to get to my daily target, everything afterwards is a bonus.

Where as GU is in a very bullish trend, so I will move my stop below each major S&R, so it is now on GU open.

Hope that helps ?????
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,696
  • Oct 18, 2013 2:36am Oct 18, 2013 2:36am
Quoting Martyfish
{quote} I dont have a set rule on moving stops, as it depends on PA. Not much help, but I rely more on my instinct than set rules to manage my trades. Like EJ this morning, a break of R1 followed by long wicks, like the 7:30 candle, tells me the move may not hold, so as I only have 10 pips -ish to play with I closed. Particularly on a pre-London open trade, more likely to close early. Nothing like banking profits early in the day. Just like to get to my daily target, everything afterwards is a bonus. Where as GU is in a very bullish trend, so I...
Very helpful, thank you! My trade closed @BE
  • #18,697
  • Oct 18, 2013 2:56am Oct 18, 2013 2:56am
Yes Sir ..!
  • #18,698
  • Oct 18, 2013 3:08am Oct 18, 2013 3:08am
I am going have to mention one other factor

It depends on the slope of H4 & H1 stochs.

I have H1 MTF stoch on my M5 chart and H4 on my M15 chart.

The greater the slope (strong signal) the more leeway I will give on my stops.

Both alligned and strong, and the Genesis dash, if H1 & H4 are fully same colour, it all adds to a stronger move.

If H4 & H1 are in opposite directions/trends, then I will have tighter stops, ie lower expectations on my trade
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,699
  • Oct 18, 2013 3:10am Oct 18, 2013 3:10am
Quoting Cold_W
{quote} Very helpful, thank you! My trade closed @BE
Plus there is no news, or any major overnight Asia news, so lower expectations
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,700
  • Oct 18, 2013 3:15am Oct 18, 2013 3:15am
Quoting Martyfish
I am going have to mention one other factor It depends on the slope of H4 & H1 stochs. I have H1 MTF stoch on my M5 chart and H4 on my M15 chart. The greater the slope (strong signal) the more leeway I will give on my stops. Both alligned and strong, and the Genesis dash, if H1 & H4 are fully same colour, it all adds to a stronger move. If H4 & H1 are in opposite directions/trends, then I will have tighter stops, ie lower expectations on my trade
Yes, checking H1 and H4 is very good habit!
29 traders viewing now